Singapore Airlines *Official* (SGX:C6L)

vsvs24

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Admired because got Singapore government (akin Temasek) to help raise funds.
 

starbugs

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The award doesn't fit with the reality of how SQ has deteriorated in the past year. Just look at this thread of people waiting 8-10 hours to contact an SQ CSO.

 

reddevil0728

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The award doesn't fit with the reality of how SQ has deteriorated in the past year. Just look at this thread of people waiting 8-10 hours to contact an SQ CSO.

It’s possible. Cause it’s relative speaking
 

mrclubbie

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SIA, Scoot flights to use sustainable fuel made from cooking oil and animal fat from Q3 2022​


SINGAPORE: Singapore Airlines (SIA) and budget carrier Scoot will begin using sustainable aviation fuel from the third quarter of 2022, said the Civil Aviation Authority of Singapore (CAAS) on Friday (Feb 11).

The product comprises 1.25 million litres of fuel, produced from used cooking oil and waste animal fats supplied by oil refining company Neste. It will then be blended with refined jet fuel at ExxonMobil’s facilities in Singapore.

The pilot programme will see SIA, with support from CAAS and Temasek, purchase the blended fuel from ExxonMobil.

The use of the sustainable aviation fuel over the one-year pilot is expected to reduce about 2,500 tonnes of carbon dioxide emissions.

This blended fuel will be delivered to Changi Airport via the airport’s existing fuel hydrant system by end-July 2022. From the third quarter of 2022, all Singapore Airlines and Scoot flights will use this blended fuel.

“Sustainability will be a key CAAS priority in the coming years as we revive air travel and rebuild the Singapore air hub," said director-general of CAAS Han Kok Juan.

Mr Han said that the pilot is an "important building block" in CAAS' effort to develop a sustainable air hub, and would operationally validate sustainable air fuel integration options in Singapore.

He added that it would also provide insights on end-to-end cost components, potential pricing structures for cost recovery and support future policy considerations for sustainable air fuel deployment.

Welcoming the move towards sustainable aviation, Mr Federick Teo, Temasek's managing director for sustainable solutions, said the pilot marks an important step in the company's commitment to "operationalise solutions to decarbonise hard-to-abate sectors like aviation".

Ms Lee Wen Fen, senior vice president of corporate planning at SIA, noted that such fuels are a key decarbonisation lever and a "critical pathway" for the group's commitment to achieve net zero carbon emissions by 2050.
 

skpuppy

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It’s possible. Cause it’s relative speaking
Personally I took SQ a lot in the past. Flying 3-4 times a month. I won’t say SQ is the best but can be a top airlines. Having said that, many airlines like Emirates, Ana, Cathy are also fantastic airlines. I usually speculate airlines stocks like now is mainly due to ending of Covid19 and the beginning of travel. During norms, airlines have no moat.
 

skpuppy

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SIA, Scoot flights to use sustainable fuel made from cooking oil and animal fat from Q3 2022​


SINGAPORE: Singapore Airlines (SIA) and budget carrier Scoot will begin using sustainable aviation fuel from the third quarter of 2022, said the Civil Aviation Authority of Singapore (CAAS) on Friday (Feb 11).

The product comprises 1.25 million litres of fuel, produced from used cooking oil and waste animal fats supplied by oil refining company Neste. It will then be blended with refined jet fuel at ExxonMobil’s facilities in Singapore.

The pilot programme will see SIA, with support from CAAS and Temasek, purchase the blended fuel from ExxonMobil.

The use of the sustainable aviation fuel over the one-year pilot is expected to reduce about 2,500 tonnes of carbon dioxide emissions.

This blended fuel will be delivered to Changi Airport via the airport’s existing fuel hydrant system by end-July 2022. From the third quarter of 2022, all Singapore Airlines and Scoot flights will use this blended fuel.

“Sustainability will be a key CAAS priority in the coming years as we revive air travel and rebuild the Singapore air hub," said director-general of CAAS Han Kok Juan.

Mr Han said that the pilot is an "important building block" in CAAS' effort to develop a sustainable air hub, and would operationally validate sustainable air fuel integration options in Singapore.

He added that it would also provide insights on end-to-end cost components, potential pricing structures for cost recovery and support future policy considerations for sustainable air fuel deployment.

Welcoming the move towards sustainable aviation, Mr Federick Teo, Temasek's managing director for sustainable solutions, said the pilot marks an important step in the company's commitment to "operationalise solutions to decarbonise hard-to-abate sectors like aviation".

Ms Lee Wen Fen, senior vice president of corporate planning at SIA, noted that such fuels are a key decarbonisation lever and a "critical pathway" for the group's commitment to achieve net zero carbon emissions by 2050.
This kind talk talk marketing gimmick only. Year end I look at the books to see how much savings they made etc. share price = company performance. Unless you tell me you are like Singapore government invest for strategic reasons
 

mrclubbie

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Singapore Airlines resumes cabin crew recruitment after two-year hiring freeze​


 

VanquishShadow

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Should conditions improve further, there could be a dividend declared by SIA for 1H2023.

Not sure if I'm too pessimistic - I thought that with the MCBs on the balance sheet, it would be more logical for SIA to retain a greater share of its earnings in order to enable a potential early redemption of some of the MCBs, rather than to start declaring dividends so early on.
 

vsvs24

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Not sure if I'm too pessimistic - I thought that with the MCBs on the balance sheet, it would be more logical for SIA to retain a greater share of its earnings in order to enable a potential early redemption of some of the MCBs, rather than to start declaring dividends so early on.
As long as they are still receiving government handout they should not declare dividend.

Otherwise will be seen as good enough no need anymore handout.

The MCB mostly held by Temasek. Even the Chairman and CEO don't want to buy. I guess no hurry to redeem.
 

mrclubbie

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Hong Kong suspends SIA flights from Singapore after passengers test positive for COVID-19​



SINGAPORE: Singapore Airlines (SIA) flights from Singapore to Hong Kong have been suspended for two weeks, after several passengers tested positive for COVID-19 upon arrival in the city.

The directive came from Hong Kong regulators after some SIA customers, who had tested negative for COVID-19 in their pre-departure tests, subsequently tested positive on arrival in Hong Kong, said an SIA spokesperson on Thursday (Feb 17).

"We are unable to comment further due to confidentiality reasons."

Singapore Airlines will suspend SQ882 and SQ894, its two daily passenger services from Singapore to Hong Kong, until Mar 1. The suspension took effect on Feb 16.

SQ883 and SQ895, the twice-daily passenger services from Hong Kong to Singapore, are not affected.

"SIA apologises to all affected customers," said the spokesperson.

"We are reaching out to them to offer all necessary assistance, and to minimise the inconvenience caused by this disruption."

SIA was in April last year also temporarily suspended from flying from Singapore to Hong Kong after the airline breached one of the city’s “trigger points” for COVID-19 testing requirements.

For more than two years, Hong Kong has followed China's zero-COVID-19 strategy, but a wave of the highly transmissible Omicron virus variant has battered the city's capacity for testing, quarantine and treatment.

Health authorities in Hong Kong reported a record 4,285 confirmed new infections on Wednesday, and another 7,000 preliminary positive cases, a surge from around 100 daily cases at the start of February but still lower than in other similar sized major cities.

Before the latest wave, Hong Kong had recorded just over 12,000 cases since the beginning of the pandemic.

Singapore on Wednesday announced the launch of a vaccinated travel lane (VTL) with Hong Kong, which allows quarantine-free travel for those who are fully vaccinated. The VTL takes effect on Feb 25.

On Wednesday, Singapore reported 16,883 new COVID-19 cases. There were also 13 fatalities, the highest number since Dec 5.
 

vsvs24

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Everytime govt announce VTL, something will happen. Quite jinx. Let's see.
 

mrclubbie

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DHL, SIA enter agreement to operate 5 freighters based in Singapore​



LOGISTICS company DHL Express has entered into an agreement with flag carrier Singapore Airlines (SIA) to deploy 5 Boeing 777 freighters, the companies said in a joint statement on Thursday (Mar 10).

The freighters will be based at Changi Airport and serve DHL's South Asia Hub located in Singapore. SIA will oversee the maintenance of the aircrafts, and SIA pilots will operate the aircraft on routes to the US via points in North Asia.

Travis Cobb, executive vice-president of global network operations and aviation at DHL, noted that the deployment can help expand its services linking the Asia-Pacific region with the Americas.

"Following the pandemic, we see good prospects for strong growth in trans-Pacific trade lanes," Cobb said.

The initial agreement is set for more than 4 years with the opportunity for an extension; the first aircraft will be delivered in July 2022, the second in October 2022, and the remaining 3 aircraft are planned for delivery throughout 2023.

Lee Lik Hsin, executive vice-president commercial at SIA, noted that basing the freighters in Singapore will "further reinforce Singapore's position as a key air cargo and e-commerce logistics hub, contributing to its growth and development".

DHL had in 2015 set up a 24-hour express hub facility at Changi Airport as part of its network infrastructure expansion plans in the region. Then, the facility was DHL's largest infrastructure investment in Singapore in the 43 years that it has been operating in the Republic.
 

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SIA reports highest-ever cargo revenue of $1.35 bil for 3QFY2021/2022 in cargo business update​



Singapore Airlines (SIA) has reported a record cargo revenue of $1.35 billion for the 3QFY2021/2022.

In its update on its cargo business on March 15, the group says this is the first time its revenue for its cargo business has surpassed the $1 billion mark.

During the 3QFY2021/2022, the airlines also reported revenue of $832.8 million for its pax flown segment, and revenue of $132.2 million for its engineering services, other pax and others segment.

In that quarter, the airlines saw cargo yields increase 26.9% y-o-y to 81.5 cents per load tonne-kilometres (LTK).

In its outlook statement, the airline is less buoyant on its figures for the 4QFY2021/2022, saying that it expects overall air cargo demand to ease on the back of the record peak period in the 3QFY2021/2022.

This is in line with seasonal fluctuations, and the traditional slowdown in exports during the Lunar New Year holiday period, says the airline.

Nonetheless, both air and sea freight capacities are expected to remain tight during the quarter, supporting loads and yields, it adds.

In its business update, SIA revealed that it has ordered seven A350F freighters to replace its existing fleet of seven Boeing 747-400F. Deliveries will begin in the four quarter of 2025. According to the airline, the new fleet will reduce its carbon emissions by 400,000 tonnes annually as the A350F burns up to 40% less fuel on similar missions.

As at March 1, SIA flies to 97 destinations on its cargo route network. It has a 36:64 freighter and bellyhold split as at the date, compared to the 21:79 split in the FY2019/2020, pre-Covid-19.

Shares in SIA closed at $5.03 on March 14.
 

VanquishShadow

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forecasting that SIA might return to profitability around end-2024 seems fair (assuming no black swan events)...

the question on my mind is: how will SIA generate enough $ to redeem the MCBs before the 10-year deadline? I don't see any plausible way, yet a number of ppl i know have chosen to hold onto their shares, seemingly ignoring the *very* real possibility of this HUGE dilution down the road
 

elvintay07

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forecasting that SIA might return to profitability around end-2024 seems fair (assuming no black swan events)...

the question on my mind is: how will SIA generate enough $ to redeem the MCBs before the 10-year deadline? I don't see any plausible way, yet a number of ppl i know have chosen to hold onto their shares, seemingly ignoring the *very* real possibility of this HUGE dilution down the road
10 years later, probably a $2 share
 
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